$VIRTUAL: Fakeout Confirmed: Bulls Trapped at Local Highs
SHORT SETUP VIRTUAL
Entry: $0.85950 - $0.86100
Stop Loss: $0.89110
Take Profit: $0.79855 (2R)
Key Levels: Support $0.83280 | Resistance $0.87440
Technical Analysis for $VIRTUAL: Price sits just below the 1hour resistance at 0.8744, with EMA92150 stacked below the market, confirming an uptrend. However RSI 74 and Stoch 83 signal overbought conditions, while the orderbook shows a modest askside imbalance. A short entry around 0.860 0.0015 targets a pullback to 0.802, with SL at 0.891. Watch for a break above 0.8744 as a reversal
Market Context: BTC remains bullish on 4h and daily charts, trading above its 20 and 50EMA, while 80.9% of the market is green, supporting
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $VIRTUAL
SHORT SETUP VIRTUAL
Entry: $0.85950 - $0.86100
Stop Loss: $0.89110
Take Profit: $0.79855 (2R)
Key Levels: Support $0.83280 | Resistance $0.87440
Technical Analysis for $VIRTUAL: Price sits just below the 1hour resistance at 0.8744, with EMA92150 stacked below the market, confirming an uptrend. However RSI 74 and Stoch 83 signal overbought conditions, while the orderbook shows a modest askside imbalance. A short entry around 0.860 0.0015 targets a pullback to 0.802, with SL at 0.891. Watch for a break above 0.8744 as a reversal
Market Context: BTC remains bullish on 4h and daily charts, trading above its 20 and 50EMA, while 80.9% of the market is green, supporting
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $VIRTUAL
